ATAIX Review
The evolution in the blockchain sphere spreads across several tools. For one to be a successful trader, these tools are required and their usefulness cannot be overemphasized. Popular requirements like crypto wallets, exchanges, and trading capital precede others. However, cryptocurrency exchanges function as the irreplaceable base that enables digital assets to become tradable. For this reason, we are offering a detailed insight into the ATAIX Exchange to aid you to make informed decisions and decide whether or not it suits your peculiar needs.
Exchanges are indispensable to the entire cryptocurrency industry. They facilitate the purchase, sale, and trading of virtual assets. Some great crypto exchanges offer responsive and secure wallets that mitigate the risk of potential hacks and subsequent theft of crypto assets. Interestingly, some of these exchanges go a step further to integrate native and peculiar features that distinguish them from other platforms. Services like copy-trading, AI support, and trading bots might be some of the unique features that some exchanges give users access to.
In all, it is noteworthy that users pick the exchanges that they’d wish to use after examining their similarities and differences from others. Some expert traders can also choose to embrace one for a purpose another cannot handle and switch between them depending on need. Our review of the ATAIX cryptocurrency exchange platform would plunge you into the exploration of its use and the uniqueness in its service as a reputable platform that is widely used globally.
| Exchange platform | ATAIX |
| Website | https://ataix.com |
| Variety crypto | 25 |
| Account needed | Yes |
| Verification | Optional |
| Verification levels | 2 |
| Trading platform | Web-based, app version |
| Payment method | Wire transfer, Skrill, Neteller, Debit card, Stablecoin transfer, Crypto conversion |
| Customer support | Email, Twitter, Phone |
What is ATAIX?
ATAIX is a digital asset exchange platform that was officially made available to offer trading services in March 2018. The exchange is headquartered in Tallinn a city in the northern European country Estonia. The cryptocurrency exchange is parented by EUROTOKEN OU company which manages its affairs and runs its day-to-day administration.
The owners, directors, employees, and investors of EuroToken OU are the same as ATAIX, this implies that both are the same entity. As a centralized cryptocurrency exchange that offers the trading of diverse virtual assets, ATAIX supports crypto-to-crypto and fiat-to-crypto transmissions. The platform is appraised to charge minimal trading fees on the completion of every transaction.
Just like other trading platforms, ATAIX offers the trading of renowned cryptocurrencies like Bitcoin, Ethereum, and Litecoin. The company further prides itself on an exchange that offers less conventional tokens that might not likely be on other exchanges. Although ATAIX isn’t rated as one of the biggest exchanges, it does offer an accessible, efficient, and trustworthy setup that has it in the good books of previous users.
It has a good relationship with the European Union and operates under two EU licenses. One of them is to offer that service to exchange digital assets for fiat and another to offer a digital wallet service to its users. Impressively, ATAIX employs the Euro as a capital coin to effect easy operation.
ATAIX Trading Services
Similar to well-known crypto platforms, ATAIX doubles as an exchange and trading unit. To access all the features that it has to offer, you would need to create an ATAIX account. ATAIX is good news for cryptocurrency whales and dolphins as it is easier for them to make large volume purchases using the platform’s Over The Counter (OTC) service.
ATAIX Fees
If they are one factor that would determine if a potential user would employ the services of a cryptocurrency exchange or not, then that would be trading fees. The trading fee structure of an organization cannot be overemphasized. A reasonable framework for fees charged during the conducting of transactions would determine the volume of transactions and the category of users that the platforms would see.
For ATAIX, for each time an order is placed, a trading fee is charged. The exchange takes a percentage of your trading volume once a transaction is executed. Two types of users place orders for transactions known as “makers” and “takers”. Takers are the users that fulfill the requirements of trade orders and take them away from the order book while makers are those who set the orders to the order book, thereby offering liquidity to the platform.
Contrary to some of the centralized exchanges that you are aware of, ATAIX appears to charge a higher transaction fee. Conventionally, the industry average fee is placed from 0.10% to 0.15%, although historically, it was way up to 0.20% to 0.25%.
ATAIX charges takers 0.30% which is presumably the highest in comparison with other exchanges. However, no fees are charged for makers on the platform which is encouraging to those who don’t wish to take out existing orders. ATAIX has a policy of lowering trading fees for users that hit certain targets in their trading volume.
Withdrawal and Deposit Fees
For fiat-related transactions, the withdrawal or deposit fees vary depending on the transfer system you used. If you use EUR Wire the deposit fee is 1.5% and an additional 12 EUR while the withdrawal fee is 40 EUR. For both Skrill and Neteller, the deposit fee is fixed at 5.5% and the withdrawal fee at 5.5% as well.
ATAIX Trading API
When reviewing an exchange, the Application Programming Interface (API) must be examined. ATAIX detailed its API in an entire webpage for the public eye. The trading platform bases its APIs on REST and WebSocket. The latter provides a public API that everyone can have access to using a JSON RPC while the former offers both private and public calls.
ATAIX’s API functions on a lot of parameters. The detailed description of its APIs also contains the exchange functionality and market details. All requests are limited to a maximum of 10 in one second from the same IP address.
ATAIX Limits and Liquidity
Just like we mentioned earlier, ATAIX is a good bet for individuals or institutions that wish to purchase cryptocurrency assets in large volumes. This, therefore, suggests that there is no limit marker for users that use its OTC feature.
Aside from this, the same channel for deposits aside cards will likely function as a channel for withdrawal. The platform specifies a minimum of three euros during withdrawal. Using Skrill or Neteller for withdrawals usually takes 24 hours, Wire transfers on the other hand might take up to three business days.
Essentially, ATAIX is focused on offering users a faster liquidity process than most other exchanges. The attention it pays for large volume trades is also commendable.
ATAIX Portfolios
Cryptocurrency exchanges generate higher ratings if their regular users are offered access to derivatives and a multi-functional portfolio. This way traders with professional experience can be able to handle several kinds of trading and make informed decisions. This goes a long way to even encourage newbies to try out new features that would encourage flexibility.
However, ATAIX does not offer derivatives trading. Unlike Binance, Bybit, and Coinbase that offer crypto features, crypto options, and perpetual contracts; ATAIX is somewhat a one-way exchange that only facilitates conventional trading.
While ATAIX might be accessible to some countries, it does not support investors from the United States. The obvious reason for this is attributed to the ever-increasing regulatory policies emanating from the United States Securities and Exchange Commission (SEC). The US regulatory body has sued some crypto exchanges within the country like Bitfinex and EtherDelta for misleading investors.
Cryptocurrencies Available at ATAIX
Crypto-based platforms that offer high liquidity are also expected to list a wide array of digital assets for their users to pick from. It is a turn-off for most traders when an exchange confines them to random crypto assets or random pairs. Therefore, for an exchange to deliver efficiently, there should be a precise alignment and reference to digital assets that hold respectable value.
ATAIX has over 50 cryptocurrencies listed on its platform. The listed digital assets include fiat digital currencies like Tether (USDT) and Euro. They function as the trading pairs for regular cryptocurrencies and can be swapped within the exchange.
Some available cryptocurrencies on the platform include primary cryptocurrencies Bitcoin (BTC), Ethereum (ETH), and others like Chainlink (LINK), Ripple (XRP), Dogecoin (DODGE), Litecoin (LTC), Cardano (ADA), Tron (TRX), EOS (EOS), Basic Attention Token (BAT), Ontology (ONT), Tezos (XTZ), Zcash (ZEC) amongst others.
Impressively, ATAIX runs a form of basic governance a basic governance feature where users have the liberty to vote in the digital assets of their choice. If a certain number of users vote in a cryptocurrency and the virtual asset is listed, the exchange evenly rewards the voters with some of the listed currency. This feature is a great way to ensure that user participation is enhanced within the system as they seek to consider investor opinions.
ATAIX Interface
To ensure that users are given the best experience to facilitate seamless trading, exchanges are expected to offer an exclusive trading view. The trading view is the area of an exchange website where you can navigate through real-time data and dictate the current price of a commodity.
Aside from this, the trading interface lets you access buy and sell buttons as well as features the purchase and sell orders going on. Although they might be variations between exchanges, they are basic features that should be similar as they as considered to be “industry standard”.
Trading with ATAIX evokes simplicity and ease. The interface, of course, does not come with a lot of bells and whistles, however, attention is paid to the basics of a trading view that is present in the interface.
The buy option in ATAIX is accompanied by three types of limit orders; Good till Cancel (GTC), Fill or Kill (FTK), and Immediate or Cancel (IOC). Each of them fulfills different needs, GTC indicates the order is valid unless canceled, FTK calls for immediate execution or is canceled while IOC offers partial execution as an option.
The same applies to the selling process as trades as executed once a matching order occurs. Since these options are available, it is safe to say the needed qualities are met. However, it is up to you to decide if the available options are suitable for your trading methods.
How Secure is ATAIX
Considering the increased security concerns connected to virtual assets, exchanges that are not security conscious might not be an endearing option. Cryptocurrency exchanges remain a premium target for hackers who desire to stash away as many digital assets as they can if they successfully burst through the security protocols guarding the exchange or a user’s account.
ATAIX is a security-conscious platform, by incorporating high-end security measures, users are fairly okay with the service. To mitigate risks, ATAIX monitors the accounts of their users and track down suspicious behavior. The platform encourages users to complete all KYC (Know Your Customer) verification procedures as well as the option for 2 Factor Authentication.
There are two verification tiers on the ATAIX exchange – tier 0 and tier 1. Your account isn’t upgraded unless you complete the Tier 1 process. In case of lost devices or details, recovery of the account can be achieved if you send a mail detailing your personal information and recent activities to the customer service.
Users must safeguard their details and stay in tune with the AML (Anti Money Laundering) policy. While the exchange is working to ensure the safety of the website, users are also expected to fulfill their side of the bargain.
Customer support
The exchange has over fifty employees, dedicated to the offering of high-quality service. As the platform expands, more employees would likely join the team and keep operations afloat. The exchange might not be highly rated in terms of customer service and real-time response, however, it does have an active team that works hard to respond swiftly to issues within their jurisdictions.
ATAIX is a crypto exchange service provider for a fee and does not offer trading advice or signals. However, users can access helpful news and articles revolving around cryptocurrencies and the entire blockchain technology.
The company understands the need for privacy and security and to offer precise customer support, they have a dedicated contact page for users to report their issues. Aside from this, ATAIX has an active email address for one-on-one interaction with users. Their customer support spreads on several social media platforms including Facebook, Twitter, Instagram, LinkedIn, as well as a Reddit and Telegram community.
Although they are several options for users to get in touch with the exchange, the platform advises that reports should be sent via its dedicated contact page for more effective responses.
The dedicated email address of the exchange is integrated on its website. Any user that wishes to elaborate on an issue can place their complaints there in a detailed manner. This is the method that the exchange most recommends.
- · Phone
Just like several other security-conscious cryptocurrency exchanges, ATAIX does not offer services through phone calls. The reason for this is not farfetched as scammers would likely start phishing users to trick them into releasing their personal information.
ATAIX has a dedicated Twitter account that updates the public of all its activities and products. News articles on their site of general crypto updates are linked as tweets consistently to keep followers up to date. In addition, users are alerted of new crypto assets in consideration for voting in. This is also the same with the use of their Instagram and Facebook pages.
- · Communities
There is room for interaction with ATAIX employees and users alike via their Telegram and Reddit communities. These communities function as campaign grounds for the voting of several cryptocurrency projects and basic information distribution. However, users are never advised to disclose their data in these groups or involve in any transactions with anyone in the community to avoid scams.
Conclusion
ATAIX is a rapidly expanding company in Europe. Its operations in the continent are licensed and regulated within the legal confines of European states. The exchange is dedicated to ensuring that users enjoy seamless trading while interacting with an ever-increasing list of digital assets.
The European cryptocurrency exchange also pays solid attention to large-scale crypto buyers by integrating an OTC desk with control experts to effectively handle client needs. In a bid to encourage client participation, ATAIX gives voting powers to users to vote in crypto assets that they desire to be listed on the platform.
Furthermore, the trading view of the platform is structured in a simple and concise setup to ensure that everyone can carry out even complex transactions, in a simple manner. Attention is also paid to users who prefer to trade on mobile phones as the exchange has developed apps compatible with both IOS and Android devices.
While all these features are potentially exciting, users should pay attention to their security as well as trading only on assets that they are knowledgeable about. To access the features of ATAIX, you can sign up to the Exchange on their website or download their app to get started.
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